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Similarities Between The Great Credit Crisis

Similarities Between The Great Credit Crisis

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The parallels between the Great Credit Crisis of 2008 and the onset of the Great
Depression have been widely commented upon. Paul Krugman posted to his widely-read blog a graph comparing the fall in manufacturing production in the United States from its respective mid-1929 and late-2007 peaks.2 The Bad Bears graph comparing the stock market crashes of 1929-30 and 2008-9 has had wide circulation.3 Justin Fox has prominently compared the behaviour of payroll employment in the two downturns.4

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